Sep, 30, 2025 — EDUCATIONAL SYSTEMS FEDERAL CREDIT UNION is a federal credit union headquartered in GREENBELT, MD with 13 branch locations and about $1.28 billion in total assets. Opened 71 years ago in 1955, EDUCATIONAL SYSTEMS FEDERAL CREDIT UNION has about 92,890 members and employs 221 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | EDUCATIONAL SYSTEMS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 7500 Greenway Center Dr GREENBELT, MD 20770 |
| Phone: | (301) 779-8500 |
| Fax: | (301) 985-4671 |
| Website: | https://www.esfcu.org |
| Branches: | 13 branch locations |
| Members: | 92,890 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 10696 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,281,987,518 |
| CEO/Manager: | Girado Smith |
| Chairperson: | Alonia Sharps |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 51,157,419 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 407,561,602 |
| Unsecured Loans | 76,827,406 |
| Other Loans | 459,940,970 |
| TOTAL LOANS | 944,329,978 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -9,947,367 |
| Land And Building | 20,792,489 |
| Other Fixed Assets | 12,466,319 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 10,351,424 |
| All Other Assets | 220,864 |
| TOTAL ASSETS | 1,281,987,518 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 16,500,000 |
| Accounts Payable & Other Liabilities | 22,875,511 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 231,330,380 |
| Regular shares | 438,566,708 |
| All Other Shares & Deposits | 448,311,706 |
| TOTAL SHARES & DEPOSITS | 1,118,208,794 |
| TOTAL LIABILITIES | 1,158,064,308 |
| Regular Reserve | 0 |
| Other Reserves | -2,603,658 |
| Undivided Earnings | 126,526,868 |
| TOTAL EQUITY | 123,923,210 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,281,987,518 |
| INCOME & EXPENSE | |
| Loan Income | 37,055,067 |
| Investment Income | 6,141,428 |
| Other Income | 7,855,147 |
| Total Employee Compensation & Benefits | 17,625,716 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 16,762,916 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,245,354 |
| Cost of Funds | 10,749,351 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 7,181,691 |
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